Advance Capital Management Inc. Buys 1,096 Shares of International Business Machines Co. (NYSE:IBM)

Advance Capital Management Inc. raised its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 67.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,716 shares of the technology company's stock after acquiring an additional 1,096 shares during the quarter. Advance Capital Management Inc.'s holdings in International Business Machines were worth $675,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Treasurer of the State of North Carolina grew its position in shares of International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after purchasing an additional 4,131 shares in the last quarter. Blue Zone Wealth Advisors LLC bought a new stake in shares of International Business Machines in the fourth quarter valued at approximately $242,000. Tranquilli Financial Advisor LLC acquired a new stake in International Business Machines during the fourth quarter worth approximately $373,000. Truist Financial Corp increased its stake in International Business Machines by 6.5% during the 4th quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock worth $178,296,000 after acquiring an additional 49,591 shares during the period. Finally, Mufg Securities Americas Inc. acquired a new position in International Business Machines in the 4th quarter valued at $3,000,000. Institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. The Goldman Sachs Group reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, February 5th. Oppenheimer started coverage on shares of International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 target price for the company. Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Erste Group Bank upgraded shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Morgan Stanley reduced their target price on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines has an average rating of "Hold" and an average target price of $249.06.

International Business Machines Trading Up 0.0%

NYSE:IBM traded up $0.04 on Wednesday, reaching $265.24. 1,025,902 shares of the stock traded hands, compared to its average volume of 4,203,920. The firm has a market capitalization of $246.51 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. International Business Machines Co. has a 1-year low of $163.88 and a 1-year high of $269.28. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The company's 50 day moving average is $247.02 and its 200-day moving average is $240.81.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The firm had revenue of $14.54 billion during the quarter, compared to the consensus estimate of $14.41 billion. During the same period last year, the business posted $1.68 EPS. The business's revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th will be given a dividend of $1.68 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.53%. International Business Machines's dividend payout ratio (DPR) is 115.66%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.